Active

Price cut: $80.1K (7/14)

$749,900

116 Redwood Ave, Paterson City, NJ 07522

8beds

--sqft

$5,589/mo

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Multi Family

Built in 1940

-- sqft lot

$740,900 Zestimate^®

$--/sqft

$-- HOA

What's special

Spacious and well-maintained 2 family home located in a highly desirable area of Paterson; perfect for investors or owner occupants! The first floor unit offers living room, an eat-in kitchen, 4 generously sized bedrooms and 1 full bathroom. The second floor unit features living room, eat-in kitchen, 4 bedrooms, including a primary (master) bedroom with a private en-suite bathroom, plus and additional full bathroom. The property includes a fully finished basement, ideal for extra living space, recreation or storage. Recent upgrades provide peace of mind, including a new roof (2024), newer flooring throughout (2024), updated heating system components (2019), and a brand new water heater (2025) with a 10-year warranty. Conveniently located near schools, restaurants, shopping centers, public transportation and major routes offering easy access to everyday conveniences and commuting. Don't miss this excellent opportunity!

150 days
160
1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

2 Units, Natural Gas

Cooling

See Remarks

Appliances

Included: See Remarks

Features

Bedrooms, Eat-in Kitchen, Living/Dining Room, Eat-In Kitchen
Basement: Yes,Finished
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Parking features: On Street

Features

Levels: Two
Stories: 2

Lot

Size: 2,613 Square Feet
Dimensions: 25 x 100

Details

Parcel number: 2508009090000000390000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding, Brick
Roof: Asphalt Shingle

Condition

Year built: 1940
Major remodel year: 2007

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, See Remarks

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector

Location

Region: Paterson

Financial & listing details

Tax assessed value: $515,800
Annual tax amount: $10,760
Date on market: 4/7/2026
Total actual rent: 0
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Electric utility on property: Yes

Estimated market value

$740,900

$704,000 - $778,000

$1,734/mo

Price history

Date	Event	Price
7/14/2026	Price change	$749,900-9.7%
Source: GSMLS #4018931 Report a problem
4/7/2026	Listed for sale	$830,000+295.2%
Source: GSMLS #4018931 Report a problem
10/10/2015	Sold	$210,000-23.6%
Source: GSMLS #3187388 Report a problem
1/26/2007	Sold	$275,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,277 +3.9%	$201,700
2024	$9,889 +1.8%	$201,700
2023	$9,716 +7.6%	$201,700
2022	$9,028	$201,700
2021	$9,028 +12.1%	$201,700
2020	$8,053 -3%	$201,700 +3.5%
2019	$8,306 +4.8%	$194,800 +1.5%
2018	$7,925 -4.4%	$192,000 +0.8%
2017	$8,292 +5.6%	$190,500 -0.3%
2016	$7,850 -1.6%	$191,100
2015	$7,975 +5.7%	$191,100 -30.5%
2014	$7,546 +9.1%	$275,000
2012	$6,916 +18.3%	$275,000
2011	$5,847 -17.1%	$275,000
2010	$7,054	$275,000 -24.7%
2009	--	$365,300
2008	--	$365,300
2007	--	$365,300